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Stock market: China runs after rate cut, Hong Kong +2% - Breaking news

2024-02-21T07:33:04.670Z

Highlights: Hong Kong rose 2.2% after achieving increases of more than four percentage points. Shanghai up 1.4% and Shenzhen 1.6%. However, the other Asian and Pacific stock markets were sluggish. Futures on the start of European markets are marginally growing. Reproduction of this article may be illegal in the United States and/or China. For confidential support call the Samaritans in the UK on 08457 90 90 90, visit a local Samaritans branch or click here for details.


Stock markets in the Chinese area are clearly rising after the Beijing Central Bank cut five-year rates to boost the real estate market. (HANDLE)


Stock markets in the Chinese area clearly rising after the Beijing Central Bank cut five-year rates to boost the real estate market.

Hong Kong rose 2.2% after achieving increases of more than four percentage points, with Shanghai up 1.4% and Shenzhen 1.6%.


    However, the other Asian and Pacific stock markets were sluggish: Tokyo closed down by 0.2%, Seoul by 0.1% and Sydney down by 0.6%.


    Futures on the start of European markets are marginally growing.


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